Prelims 2015 • Paper 1 (GS) • Q.87

Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India: 1. NBFCs cannot accept demand deposits. 2. All the NBFCs operating in India have to be registered with the RBI. 3. NBFCs form part of the payment and settlement system and can issue cheque drawn on itself. 4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs.

With reference to different Committees in India, consider the following details: 1. R.N. Malhotra Committee - Objective: Comprehensive reforms of Insurance sector in India - Organization under which it was formed: Insurance Regulatory and Development Authority of India 2. L.C. Gupta Committee - Objective: Preparing a roadmap for the introduction of derivatives trading in India - Organization under which it was formed: Securities and Exchange Board of India 3. Urjit R. Patel Committee - Objective: Preparing a roadmap for reforming bank lending to the Housing sector - Organization under which it was formed: Reserve Bank of India 4. Y.H. Malegam Committee - Objective: Preparing a roadmap for reforms in Microfinance sector in India - Organization under which it was formed: Reserve Bank of India In which of the above rows are all the details correctly matched?

Which of the following statements about Crowdfunding is/are correct? 1. Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project. 2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures.

An e-commerce revenue model where the seller has control over pricing but doesn't keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called:

Which one of the following is the correct description of "100 Million Farmers"?